Hugh Johnston named c.f.o. at PepsiCo

by Eric Schroeder
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PURCHASE, N.Y. — Hugh Johnston has been named chief financial officer of PepsiCo, Inc., effective April 1. He will succeed Richard Goodman, who has been c.f.o. since 2006.

Mr. Johnston joined PepsiCo in 1987 and has held various merger and acquisition, finance and strategy positions in the company’s corporate headquarters, as well as finance and general management roles in its North American snack and beverage units. He left PepsiCo from August 1999 through March 2002 to become vice-president of retail at Merck Medco. He returned to PepsiCo in 2002 as senior vice-president of mergers and acquisitions, and then became c.f.o. of PepsiCo Beverages & Foods. He was named senior vice-president of transformation in 2005, and in 2006 he was named executive vice-president of operations. In 2007, Mr. Johnston was named president of Pepsi-Cola North America Beverages. He most recently has been executive vice-president of PepsiCo Global Operations.

He received a bachelor’s of science degree in finance at Syracuse University and a master’s degree in finance and accounting at the University of Chicago.

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